Eicher Polaris Pvt Ltd

Company limited by shares (1) 348+ employees

Eicher Polaris Pvt Ltd Description

Eicher Polaris Pvt Ltd was established in the year 2012 and is a fifty-fifty joint venture between Eicher and Polaris. They invested a sum of 420 Cr INR till date. They launched the country's first personal utility vehicle (PUV) Multix that is an extremely adaptable 3 in one solution. Eicher is a prominent player in the India commercial vehicle space. The company has the iconic "Royal Enfield" motorcycle brand. The company is also a proven expertise in frugal engineering and lean manufacturing. Polaris on the other hand is a leader in power sports industry. They have a proven track record of creating categories. They also have excellent product development capabilities and world class reliability. Multix is a three in one solution. It is a comfortable seating for family of five that has 1918 litre space and power generation capacity of 3KW. It is specially designed Pro-ride independent suspension & high ground clearance 225 mm. It delivers best in class riding experience on all sorts of roads. Their tubular frame structure and roll over protection system provides structural stability and reinforced safety. The company's price starts at Rs 2.32 lacs only. The company has a world class manufacturing facility available at Jaipur. It has a capacity of about 60,000 units per annum. It can be scaled up to 1, 20,000 units. It is also equipped with robotic weld lines and in-house paint systems. Their product is now available in thirty locations in the country in a span of just two years.

Eicher Polaris Pvt Ltd Overview

INDIA HO
New Delhi
COMPANY SIZE
348+ employees
CIN
U34300DL2012PTC243453
CATEGORY
Company limited by shares
SUB-CATEGORY
Indian Non-Government Company
WEBSITE
EMAIL
bdjoshi@eichermotors.com
FOUNDED
10 Oct,2012
PAID-UP CAPITAL
6,290,000,000
AUTHORISED CAPITAL
7,000,000,000
8 Related Suppliers
N/A No. of plants

Eicher Polaris Pvt Ltd in News

20 Sep 2021

Fresh round of exits likely at Royal Enfield, post CEO's departure

For Eicher managing director Siddhartha Lal, the recent resignations at the Royal Enfield unit have come at a difficult period. The company is readying new launches of its premium bikes to breathe life back into flagging sales, and a person in the know said he would have preferred to have all hands on the deck.

09 Sep 2021

Farmers benefit from rental scheme of TAFE

TAFE claimed that within 60 days, the farmers drove for over 1.55 lakh hours cultivating 1,03,000 acres of agricultural land. The tractors were given to the farmers who own two acres or less farmland. Against the estimated 50,000 farmers, the scheme covered 64,000 farmers.

23 May 2021

TAFE announces free tractor rental scheme for small farmers in Tamil Nadu

TAFE will offer its 16,500 Massey Ferguson and Eicher tractors and 26,800 implements on a “free-of-cost” rental basis to small farmers owning two acres or less. Farmers can rent or hire tractors or farm implements using TAFE’s digital platform on the TN Govt’s Uzhavan app.

01 Mar 2021

Polaris to launch its first electric vehicle

Polaris said the full-size Ranger, which it is developing in partnership with Zero Motorcycles, will launch in late December. Deliveries of the vehicle will start in early 2022.

01 Apr 2019

VECV total sales dip 7.8% in March

In the domestic CV market, Eicher branded trucks & buses have recorded sales of 7,329 units in last month, down 8.2 per cent as compared to 7,980 units in March 2018.

06 Nov 2018

Eicher introduces MileEDGE fuel card program

The fuel card, launched under HPCL Driver Track plus program offers host of rewards for the owners and other key benefits such as driver & helper’s insurance including hospitalization and secured cashless transactions.

Directors of Eicher Polaris Pvt Ltd

Name DIN Email Designation Date of joining
Michael Todd Speetzen Unlock to View Unlock to View Director 14 Jul,2016
Pankaj Dubey Unlock to View Unlock to View Wholetime Director 04 Nov,2015
Govindarajan Balakrishnan Unlock to View Unlock to View Director 12 Feb,2015
Siddhartha Vikram Lal Unlock to View Unlock to View Director 20 Nov,2012
Michael Douglas Dougherty Unlock to View Unlock to View Director 20 Nov,2012
Lalit Malik Unlock to View Unlock to View Director 10 Oct,2012

Unlock Eicher Polaris Pvt Ltd to view more data

Financials

Eicher Polaris Pvt Ltd‘s balance sheet, profit & loss figures and Financial Ratios

Plant Details

Get plant information and details for Eicher Polaris Pvt Ltd

Clients

Know the direct, tier 1 and foreign suppliers for Eicher Polaris Pvt Ltd

Revenue Sources

Which business is the best revenue generator for Eicher Polaris Pvt Ltd

Company Structure

Eicher Polaris Pvt Ltd‘s subsidiaries, Joint Ventures, Associates & Signatories

Unlock